Braemar (BMS)

Sector:

Commercial Transport

254.00p
   
  • Change Today:
      6.00p
  • 52 Week High: 312.50
  • 52 Week Low: 240.00
  • Currency: UK Pounds
  • Shares Issued: 32.92m
  • Volume: 34,315
  • Market Cap: £83.63m
  • RiskGrade: 201
  • Beta: 0.29

Braemar strikes deal with Norway's Aqualis

By Abigail Townsend

Date: Monday 13 May 2019

LONDON (ShareCast) - (Sharecast News) - Braemar Shipping Services is shaking up its technical division in a deal worth more than £6m with Norway's Aqualis.
London-listed Braemar has agreed to sell three business lines within its Braemar Technical Services division to Aqualis, which provides consultancy and engineering services to offshore energy companies, in exchange for a "significant" equity stake in the combined group.

The transaction, which is subject to approval by Aqualis shareholders, will create one of the largest independent global marine consultancies and will be called AqualisBraemar, the company said in a statement.

Chief executive James Kidwell added: "Our respective businesses fit well together and the combination will create a market leading position in offshore, marine, adjusting and renewables services with global coverage."

David Wells, chief executive of Oslo-listed Aqualis, said the deal would allow the company to "extend our service lines, providing clients with an even more complete service offering, including a broader suite of services as well as increased manpower and geographical footprint."

The total consideration payable to Braemar will be new Aqualis shares worth around £5.5m, along with an adjustment cash payout which takes into consideration the $0.9m that will still be on the balance sheet of Braemar Technical Services upon completion.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Braemar Market Data

Currency UK Pounds
Share Price 254.00p
Change Today 6.00p
% Change 2.42 %
52 Week High 312.50
52 Week Low 240.00
Volume 34,315
Shares Issued 32.92m
Market Cap £83.63m
Beta 0.29
RiskGrade 201

Braemar Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.96% above the market average77.96% above the market average77.96% above the market average77.96% above the market average77.96% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Price Trend
33.33% below the market average33.33% below the market average33.33% below the market average33.33% below the market average33.33% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Income
77.24% above the market average77.24% above the market average77.24% above the market average77.24% above the market average77.24% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
2.28% below the market average2.28% below the market average2.28% below the market average2.28% below the market average2.28% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
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Braemar Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Nov-24 01-Aug-24
Paid 13-Jan-25 09-Sep-24
Amount 4.50p 9.00p

Trades for 06-Dec-2024

Time Volume / Share Price
16:35 2 @ 254.00p
16:35 2 @ 254.00p
13:58 10,847 @ 248.84p
13:30 10,000 @ 253.00p
13:18 14 @ 254.00p

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